Fiscal 2015 agricultural exports are forecast at $143.5 billion, $9 billion below fiscal 2014 and down $1 billion from the August forecast for fiscal 2015, according to the latest electronic Outlook Report from the Agriculture Department’s Economic Research Service and Foreign Agricultural Service.
U.S. agricultural imports are forecast at a record $116 billion, down $1 billion from August, but $6.8 billion higher than in fiscal 2014. The U.S. agricultural trade surplus is forecast at $27.5 billion, down from $43.3 billion in fiscal 2014, and the smallest surplus since fiscal 2009.